The firm's FY19 annual report shows that it fetched Rs 5 crore during the year from the sale of brands
GSK said on Wednesday the deal laid the foundation for the creation of two new UK-based global companies focused on Pharmaceuticals/Vaccines and Consumer Healthcare
The company will launch brand extensions whenever needed and focus on bringing in patented product
The stock surged 17% to Rs 3,249, also its 52-week high on the BSE, after its board recommended a bonus issue in the ratio of 1:1.
Final value of transaction hinges on whether distribution arrangement is part of deal
It is possible Pfizer may receive more offers, the sources added, or it could decide against a sale
Glaxo CEO Emma Walmsley said last month that the company's top priority is the pharmaceutical business
As govt increasing price control over branded generic medicines has affected its profitability
Major drugmakers are grappling with the impact of technology on their businesses
GSK is also exploring options to divest some other smaller non-core nutrition brands
The company had posted a net profit of Rs 78.93 crore for the same period of previous financial year
British drug maker GSK's global CEO Sir Andrew Witty will step down next March after eight years
Vaideesh says that the real problem is not capping of drug prices, but in the method adopted in revising prices
Her appointment is likely to be seen as a signal that GSK will retain the consumer business as a core part of its operations
Aspen is also acquiring rights to the remaining GSK thrombosis drug portfolio
Shares of the company closed 0.89% down at Rs 3,347.50 per scrip on BSE
Opening on a weak note, the stocks further slumped 5% to Rs 5,792.
Combination vaccines are becoming popular as their use reduces risk of infection as well as the number of injections to be administered